Elwood, backed by Alan Howard, to Transfer OTC Business to Zodia Markets, a Standard Chartered Venture

Wednesday, 17 July 2024, 10:13

Elwood, the company supported by hedge fund manager Alan Howard, has announced the sale of its over-the-counter (OTC) business to Zodia Markets, a venture of Standard Chartered. The strategic move signifies a shift in Elwood's focus and is expected to enhance collaboration between the two entities. With this deal, Zodia Markets strengthens its position in the OTC market, while Elwood streamlines its operations to potentially explore new opportunities in the financial landscape.
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Elwood, backed by Alan Howard, to Transfer OTC Business to Zodia Markets, a Standard Chartered Venture

Elwood's Strategic Decision

Elwood, under Alan Howard's backing, is selling its OTC business to Zodia Markets.

Collaboration between Entities

This move aims to foster a deeper partnership between the two entities, benefiting from each other's strengths.

Significance of the Deal

The sale marks a pivotal moment in Elwood's trajectory, aligning resources towards potential growth avenues.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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